CBN: When Investing In Africa, Investors Should Suffer From FOMO  The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says investors should suffer from Fear of missing out (FOMO) when considering investing in Africa. Emefiele, represented by his Deputy and Board Chairman of AFC,...

External Reserves Gained $5bn In October - CBN   Nigeria’s external reserves rose by $5.05bn in October, the latest data from the Central Bank of Nigeria showed on Wednesday. The reserves increased from $36.78bn on September 30 to $41.83bn as of October 29. The Deputy Governor, Financial Systems...

CBN Seeks To Slash Importation Bill By 35%       The Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday said efforts are ongoing to reduce the country’s import bill by about 35 per cent. He said President Muhammadu Buhari’s insistence about five years ago...

In Six Months, CBN Defended Naira With $10.3bn       The Central Bank of Nigeria (CBN) defended the naira in six months with $10.3 billion intervention in the inter-bank foreign exchange market, its half-year report has shown. The naira dipped to N429.75/$1 on the Investors’ & Exporters’ window...

CBN MPC members Express Worry Over High Demand Pressure In Forex         Some members of the Monetary Policy Committee of the Central Bank of Nigeria have expressed concerns over the high demand pressure in the nation’s foreign exchange market. The MPC members voiced their concerns at the...

FG Appoints Kingsley Obiora as Chairman NEXIM   Dr. Kingsley obiora has taken over as the Chairman of the Board of Directors of the Nigerian Export-Import Bank (NEXIM). Obiora replaces Dr. Joseph Nnanna, who retired from NEXIM Board in February, 2020. With this appointment, Dr. Obiora will...